While on the surface it appears that the stock market has had an incredible first five months, especially compared with 2022, in reality it has just been a handful of stocks that have lifted the Nasdaq up a stunning 25% and the S&P 500 up almost 10%.
So what are growth stock investors to do? Chase the rally that has been driven by the innovations in artificial intelligence? There is always a chance it continues higher, but with Nvidia’s market cap over $1 trillion after Tuesday’s close, it looks as though much of the money has been made.
We screened our 24/7 Wall St. technology universe looking for stocks that still have upside from current levels and are rated Buy but also come with dependable dividends. That way, if the rally stalls, there is a reason to hold on to these quality, and in some cases, old-school names.
This post appeared at 24/7 Wall St.